Money Trap! How to Hack your way through Madeni

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Despite how hard we work to earn money, it never stays too long to cater for our needs until the end of the month. Have you ever started off the month with the best of intentions to save money  buying only what you need, and trying to watch your spending? And then, despite your best efforts, it just seems not to happen.

Before you know it, you’ve spent more money than you wanted to. Don’t beat yourself up, it happens to many of us, so before you get your next credit card statement and wonder how to stop spending money, read on for some of the best tips around!If you often suffer from this, here are five ways to save yourself from this trap.

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  1. Make purchases in cash

Making purchases using cash has been proven to be efficient and in fact, a good way to save money. Using credit cards make us develop bad spending habits.  Additionally, a lot of money is deducted as transaction fees when we use cards.

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  1. Track your expenditure

You could be losing huge sums of money to some expenditure that isn’t really worth it.  Upon realising that your funds disappear way too fast, take time and review how and where you spend too much cash on and make necessary changes.

  1. Always create a budget/spending plan

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Shopping using a budget is easier and saves us a lot of money. For this reason, ensure you have a budget any time you plan to shop.

Again, plan to shop instead of just waking up one day and off to a shopping mall you go.

  1. Have a saving plan

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Saving some money anytime you earn makes your future safe and secure. Therefore, I advise you to always think of how hard the future would be without money. This will push you to save.

  1. Invest

Investing is a good way of solving financial problems in your life. Depending on just a single source of income is not advisable.  Instead, put some money into a side business so that you have an alternative source of income. Note that the business must be viable

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